On 22nd September 2022, Spain's Minister of Finance, María Jesús Montero, announced plans to introduce a new tax on the very rich.

The President of the Junta (Autonomous Regional Government) of Andalucía, Juan Manuel Moreno, announced on 20th September 2022 a series of tax measures for Andalucía, with the aim of attracting new taxpayers and investment into the Region.

The new Solidarity Tax (Impuesto Temporal de Solidaridad de las Grandes Fortunas) will operate as an additional wealth tax for individuals whose taxable wealth exceeds €3m.

Spain introduced an exit tax in 2015. It applies to individuals who have been resident in Spain for at least 10 out of the previous 15 tax years, and who hold shares that meet certain criteria.

One of the key questions individuals moving to Spain ask is: When will I become tax resident in Spain?

Individuals who become resident in Portugal can benefit from a particularly favourable tax regime known as the ‘Non Habitual Resident Regime', provided they have not been resident in Portugal in any of the previous five tax years.

The Spanish State Budget for 2023 was approved by the Council of Ministers on 6th October 2022. The Budget needs to pass through Parliament before it becomes law and therefore changes...

The tax system in Spain is very different to the UK. If you are considering taking up residence in Spain, it is essential that you seek tax advice

Portugal's Draft Budget for 2023 was delivered by the Minister of Finance, Fernando Medina, on 10th October 2022. One of the key announcements was the proposed introduction...

The Autonomous Community of Murcia has increased the income tax rate bands that apply to ‘general' income, as a consequence of the recent rises in inflation.